Cost of Living: Greenbelt, MD vs Torrance, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Greenbelt | Torrance |
|---|---|---|
| Housing Index | 115.0 | 135.0 |
| Median Home Price | $440,000 | $1,030,000 |
| Average Rent (2 BR Apartment) | $2000 | $2800 |
| Average Rent (2 BR House) | $2060 | $2850 |
Housing Comparison: Greenbelt vs Torrance
- The median home price in Torrance is higher at $1,030,000, compared to $440,000 in Greenbelt.
- In Torrance, the rental for a two-bedroom apartment stands at $2,800, while it is $2,000 in Greenbelt.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Greenbelt | Torrance |
|---|---|---|
| Electricity Price | $17.41 | $32.99 |
| Natural Gas Price | $18.44 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Greenbelt vs Torrance
- Torrance has higher electricity costs at $32.99 per kWh, versus $17.41 in Greenbelt.
- Natural gas is more expensive in Greenbelt at $18.44 per unit, while it is cheaper at $16.99 in Torrance.
- Utility expenses are equal in both Greenbelt and Torrance averaging $250.